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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- A combination of broader USD weakness and higher oil prices sees USDCAD continue to test the near-term bear trigger of 1.2587, the post-invasion low from Mar 3.
- Having earlier touched 1.2583, a clear break could open 1.2552, the 76.4% retracement of the Jan19-Feb24 rally, whilst resistance is seen at the 20-day EMA of 1.2723.
- The broad improvement in risk sentiment has more than outweighed a more negative front-end Can-US yield differential as Tsys underperform GoCs on a larger pricing in of Fed hikes.
- CFTC net specs had CAD net longs increase solidly with data up to Mar 15.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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